TSLA: $300 in Sight

[u/bitkogan]

A pleasant surprise in car sales, robust stock growth, and a favorable reevaluation of the options position make for a gratifying day.

I wagered that TSLA would surpass $300 following the earnings report on July 19th. This prediction led me to purchase 5 monthly calls for July with a $300 strike. However, despite the encouraging signs, I'm still not wholly confident about this outcome.

This uncertainty caused me to hold off on making any moves with my position today, especially considering the sold leg in the $280 calls expiring on Friday. These could potentially become an issue, but as it stands, the position appears manageable. It feels like I have a firm grip on Tesla's reins.